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Petromin marine and offshore Jan-Feb Issue

While streamlining its

While streamlining its businesses and strengthening its position in overseas markets, Keppel O&M also continues to As for MTD, it was established in 2002 and concentrates on designing specialised offshore support vessel and tugboats. work closely with its customers to customise solutions to meet specific needs. Over the years, Keppel Shipyard has also grown its capabilities in conversion work, expanding its range of competencies Keppel O&M’s research and development, design and engineering efforts are spearheaded by Keppel Offshore & Marine Technology Centre (KOMtech), which was set up in 2007. to include detailed engineering and fabrication of topside process modules for Floating Production Storage and Offloading (FPSO) units. Natural Gas Being the technology division of Keppel O&M, KOMtech is responsible for research and development, product development and commercialisation as well as process technology aimed at improving productivity in Keppel O&M yards. Singapore’s government has promoted the use of natural gas over the past several years. Singapore’s natural gas consumption increased from 230 billion cubic feet (Bcf) in 2005 to 400 It augments the commercialisation work of the existing three design and engineering units within Keppel O&M - Offshore Technology Development (OTD), Deepwater Technology Group (DTG) and Marine Technology development (MTD). Bcf in 2015, according to BP Statistical Review of World Energy. Over the same period, the share of natural gas in Singapore’s electricity generation fuel mix increased significantly from 74% to 95% as many gas-fired generators have replaced the use of oil-fired generators. Set up in 1994, OTD focuses on designing jackups and their critical systems. Through OTD’s efforts, Keppel O&M has a suite of proprietary jackup designs that is widely accepted by the market. The KFELS B Class design is the industry choice drilling solution for benign waters. Meanwhile, demand for Keppel O&M’s harsh environmental jackup designs are gaining momentum. The government intends to rely exclusively on liquefied natural gas (LNG) imports by 2024, following the expiration of several gas pipeline import contracts. Until Singapore commenced its first LNG regasification terminal in 2013, Malaysia and Indonesia supplied all of Singapore’s natural gas demand via pipelines. Singapore’s sole LNG receiving terminal at Jurong Island Specialising in semisubmersible (semi) and other floating structures, DTG was set up in 2002. Today, Keppel O&M is the only shipyard group in the world with its own deepwater semi design capabilities and its own suite of proprietary currently has a capacity of 292 Bcf, and is expected to expand to at least 535 Bcf by 2018. The terminal has the potential for a capacity of 730 Bcf with the use as many as seven tanks. LNG imports are expected to diversify Singapore’s import sources. deepwater solutions. 10 January to February 2018

of Singapore is funding the construction of six LNG-fueled vessels. Also, the MPA is attempting to create national and international standards and procedures for LNG. MPA in December last year injected another S$12 million to boost Liquefied Natural Gas (LNG) bunkering in the Port of Singapore. ” As the world’s largest bunkering hub, MPA will support future demand by promoting the development of ship-to-ship LNG bunkering in the Port of Singapore. This will provide the industry greater confidence in the availability of LNG supply across key shipping routes.” Half of this S$12 million has been set aside to co-fund the building of new LNG bunker vessels (LBVs) to facilitate the development of ship-to-ship LNG bunkering in the Port of Singapore. The remaining half will be used to top up MPA’s existing co-funding programme to support the building of LNG-fuelled vessels. Launched in 2015, the initial funding for this programme has Mr Andrew Tan, Chief Executive of MPA been fully utilised to support Keppel SMIT Towage Pte Ltd, Maju Maritime Pte Ltd, Harley Marine Asia Pte Ltd, Sinanju Tankers Pte Ltd, and most recently, PSA Marine (Pte) Ltd. Singapore aims to become a regional LNG trading hub and has created an index to perform spot pricing for LNG. Singapore’s only LNG regasification terminal has facilities with the ability to transfer LNG from ocean liners to smaller vessels, which can access more regional terminals. The terminal also has storage and reloading capabilities, so LNG can be unloaded, temporarily stored, and eventually delivered to its final destination. However, Singapore’s small infrastructure compared to that of other Asian importing LNG countries could challenge its becoming a major LNG trading hub. About 95 per cent of Singapore’s electricity is generated using natural gas. Global expenditure on LNG is projected to exceed US$280 million by 2021 while global offshore wind market is expected to surge past US$130 billion by 2023. Leading yard groups KOM and SembMarine have already ventured into the LNG segment, with KOM having delivered the world’s first converted floating liquefaction vessel, the Hilli Episeyo, last year. Singapore is also looking to supply LNG bunker fuel to vessels by early 2017. The Maritime and Port Authority (MPA) Mr Andrew Tan, Chief Executive of MPA, said, “With the implementation of the International Maritime Organization’s (IMO) January to February 2018 11

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